Govt to introduce PayPal, Stripe.

KARACHI -- The Ministry of Information Technology and Telecommunication (MoITT) is actively working on establishing a financial system and policy framework to introduce PayPal and Stripe payment gateways in Pakistan. This initiative aims to enhance the payment ecosystem for the country's thriving IT industry by integrating these international payment gateways into the global IT industry's financial framework, said Muhammad Zohaib Khan, Chairman of Pakistan Software Houses Association (P@SHA).

Khan emphasised the crucial role played by Federal Caretaker Minister for Information Technology and Telecom, Dr Umar Saif, in attracting global attention to Pakistan's IT industry during the GITEX Dubai 2023 event.

Quoting Saif, Khan said that the Ministry of Information Technology and Telecom is actively working on launching the Pakistan Startup Fund, which is expected to draw venture capitalists to Pakistan and promote the startup culture in the country. The fund will be established using resources from IGNITE, the National Technology Fund, which is funded by the federal government's telecom industry revenues.

Khan highlighted the establishment of the Special Investment Facilitation Council...